7th Nov 2013 08:21
LONDON (Alliance News) - Dialight PLC (DIA.L), a manufacturer and seller of signals and lighting products, reaffirmed that its underlying pre-tax profit from continuing operations is expected to be broadly in line with the prior year. But as ever, the company said the precise timing of Industrial Lighting orders remains difficult to predict.
The Group added that its industrial Lighting business continues to perform very well with sales growth of just under 60% for the 10-month period to the end of October. Also, it has ensured that it has continued to invest for further growth in its Industrial Lighting business for 2014 and beyond. This investment includes an increase from 59 sales people at year end 2012 to more than 100 at December 2013.
At the October end, the Group cash balance was 1.0 million pounds, compared with 6.3 million pounds at the same stage in 2012. The reduction in cash is accounted for by additional inventory holding which is expected to reduce by year-end.
Copyright RTT News/dpa-AFX
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